Welcome to 941 M St SW, a fantastic investment property in Cedar Rapids. This fully occupied fourplex features four 2-bedroom, 1-bathroom units, each offering 600 square feet of well-maintained living space. Each unit provides a cozy yet functional layout, ideal for tenants seeking affordable living in a convenient location. This property is an excellent addition to any investor's portfolio, generating consistent rental income from long-term tenants. Located in a growing area with easy access to local amenities, schools, and public transportation, this fourplex is perfectly situated for continued demand. With all units currently occupied, this is a turn-key investment opportunity you won’t want to miss!
Sold for $210,000
$210,000
941 M St SW #1-4, Cedar Rapids, IA 52404
--beds
1baths
2,400sqft
Multi Family, Residential
Built in 1923
-- sqft lot
$216,800 Zestimate®
$88/sqft
$1,158 Estimated rent
Home value
$216,800
$199,000 - $234,000
$1,158/mo
Zestimate® history
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$1,158/mo
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$1,158/mo
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$1,468/mo
Est. payment
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$1,468/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Josh Klindt 319-721-2341,
Keller Williams Legacy Group
Bought with:
Nonmember NONMEMBER
NONMEMBER
Source: Iowa City Area AOR,MLS#: 202405378
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Range Or Oven, Washer
- Laundry: In Basement
Features
- Flooring: Carpet, Vinyl
- Basement: Partial
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch
Lot
- Size: 8,100 Square Feet
- Dimensions: 8,100
Details
- Parcel number: 142837800600000
- Zoning: residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Vinyl, Frame
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Pet Policy, Close To School, Near Shopping
- Security: Smoke Detector(s)
- Subdivision: SW Quad
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $88/sqft
- Annual tax amount: $3,074
- Date on market: 9/19/2024
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2024 | Sold | $210,000-4.5%$88/sqft |
Source:  Iowa City Area AOR #202405378 Report a problem | ||
| 10/14/2024 | Pending sale | $220,000$92/sqft |
Source:  CRAAR, CDRMLS #2406464 Report a problem | ||
| 9/19/2024 | Listed for sale | $220,000$92/sqft |
Source: CRAAR, CDRMLS #2406464 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Taylor
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Nearby schools
GreatSchools rating
- 5/10Taylor Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Wilson Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Thomas Jefferson High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Taylor
- Middle: Wilson
- High: Jefferson
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$216,800
2% more
+$4,336
With Zillow Showcase(estimated)
$221,136
- Iowa
- Linn County
- Cedar Rapids
- 52404
- Taylor
- 941 M St SW Unit 1-4
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